When customers put money in a bank, they need to trust it will stay there. Because of the high stakes involved for the customer, such as financial loss, and how…
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Cost of a Data Breach: Banking and Finance
The importance of cybersecurity has touched almost every industry. Beyond that, robust cybersecurity is table stakes for several sectors, particularly health care and the banking and finance industry. Not only…
Lessons Learned by 2022 Cyberattacks: X-Force Threat Intelligence Report
Every year, the IBM Security X-Force team of cybersecurity experts mines billions of data points to reveal today’s most urgent security statistics and trends. This year’s X-Force Threat Intelligence Index…
BrazKing Android Malware Upgraded and Targeting Brazilian Banks
Nethanella Messer and James Kilner contributed to the technical editing of this blog. IBM Trusteer researchers continually analyze financial fraud attacks in the online realms. In recent research into mobile…
Banking and Finance Data Breaches: Costs, Risks and More To Know
As each year passes, cybersecurity becomes more important for businesses and agencies of every size, in nearly every industry. In 2020, ransomware cases grew by 150%, and every 39 seconds,…
DDoS Attacks Increase in Size, Frequency and Duration
Distributed denial of service (DDoS) attacks are increasing in size, frequency and duration. Kaspersky Lab reported a doubling of DDoS attacks in the first quarter of 2020 compared with the…
Mitigating Containers Risk Requires a Comprehensive Approach
Containers have become a staple among large banks and financial services firms, which have used the technology in production. It has captured the attention of the broader market, that hopes…
New Study Shows Consumers Could Be Vulnerable to COVID-19 Spam
Since the World Health Organization (WHO) declared the COVID-19 outbreak a pandemic on March 11, IBM X-Force has observed a more than 6,000 percent increase in COVID-19-related spam, with lures…
Grandoreiro Malware Now Targeting Banks in Spain
During the past few months, IBM X-Force researchers have noticed a familiar malware threat that typically affects bank customers in Brazil has spread to attack banks in Spain. The rise…
How Will Strong Customer Authentication Impact the Security of Electronic Payments?
Rapid changes in the payments industry, the meteoric rise of e-commerce and the constant threat of fraud have led the European Union (EU) to update its Payment Services Directive (PDS),…